Tax Newsbites

Welcome to the April 2016 issue of Tax Newsbites. This publication aims to share bite-sized information and updates from Singapore and around the region.

Some of the updates in the period 16 February 2016 to 15 April 2016 include:

  • The 2016 Budget Statement was delivered on 24 March 2016. 
  • The Income Tax (Amendment) Act 2016 was published on 11 April 2016.
  • The Income Tax (Amendment No. 2) Bill 2016 was published on 14 April 2016.
  • Australia: Australia has introduced a new 10% final withholding tax on the disposal of certain taxable Australian property by foreign residents.
  • China: The final stage of the B2V Reform will be rolled out from 1 May 2016.
  • India and UK: Country-by-country reporting regulations were introduced in the UK Budget 2016 and the India Union Budget 2016. 
  • US: The Internal Revenue Service and US Treasury proposed regulations that would treat debt instruments issued to related persons as equity in certain circumstances.


Tax Newsbites

Tax updates for the period 16 February 2016 to 15 April 2016